Sentences with phrase «overdraft practices for»

Your bank, credit union or other financial institution may still enroll you automatically in their standard overdraft practices for these types of transactions.

Not exact matches

In this example, if the fee your bank charges for its standard overdraft practices is thirty dollars, you will pay a total of sixty dollars in fees.

Through our standard overdraft practices, we authorize and pay overdrafts for checks and overdrafts for preauthorized automatic bill payments.

This brief explores how overdraft programs at the nation's largest banks affect their customers and rates these banks on whether and to what extent they have adopted Pew's best and good practices for overdraft.

Because reordering transactions from highest to lowest dollar amount during processing reduces account balances more quickly and results in more overdraft fees than other methods, Pew's best practice is for banks to process all transactions either chronologically or from low to high by dollar amount.

More than three - quarters of the people who paid an overdraft penalty express concern about specific overdraft policies, including the high cost of a penalty and the practices of charging «extended» overdraft fees — additional charges for failing to repay a negative balance on time — and of reordering withdrawals from highest to lowest dollar amount, which have the effect of increasing overdraft fees.